Monday, February 20, 2012

Eurozone talks under way to rescue Greece


BRUSSELS: Finance ministers from the 17-nation Eurogroup on Monday kicked off talks aimed at agreeing the terms of a massive bailout for Greece, the second in almost two years.
After months of acrimonious debate, the ministers began closed door talks at around 1500 GMT over a potential 230-billion-euro ($300 million) rescue of debt-troubled Athens
Greek Finance Minister Evangelos Venizelos said on arrival that he was "optimistic" of a deal and IMF chief Christine Lagarde praised Athens' "great efforts" to overhaul its economy.

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